RSS Feed for Ben BernankeCategory: Ben Bernanke

Is Ben Bernanke a Grand and Wonderful Wizard? »

By Larry Doyle on Aug 11, 2009 in Ben Bernanke, Economy, Economy-Federal Agencies, Sense on Cents (Larry Doyle blog) | 10 Comments

At the request of some folks here at NQ, here is a piece on a topic which deserves more attention. This post originally appeared on my blog on July 21st.
“There’s no place like home.”
Just as Dorothy in The Wizard of Oz merely wanted to return to the peace and comfort of her home in Kansas, [...]

Rep. Edolphus Towns on Bernanke’s Testimony: “Something Rotten in the Cotton” »

By Larry Doyle on Jun 26, 2009 in Banking Institutions, Ben Bernanke, Economy, Hank Paulson, Sense on Cents (Larry Doyle blog) | 9 Comments

I commend Rep. Edolphus Towns (D-NY), Chairman of the House Committee on Oversight and Government Reform. Rep. Town’s closing statement at yesterday’s Congressional hearing culminated some riveting theatre. That said, this is not a one act play. Rep. Towns highlights the need to dig deeper in exposing what truly happened in the midst of the [...]

Is Ben Bernanke a Well-Intended Crook? »

By Larry Doyle on Jun 25, 2009 in Banking Institutions, Ben Bernanke, Economy, FDIC, Sense on Cents (Larry Doyle blog) | 10 Comments

Do the ends ever justify the means? Does being well-intended preclude one from committing a criminal act? If our legislative bodies do not possess the heart and courage to ask these difficult questions, can we assume they are implicitly approving them? Oh, what a tangled web trillions of dollars in financial losses will weave.
The intrigue [...]

Putting the Genie Back Inside the Bottle »

By Larry Doyle on Apr 6, 2009 in Ben Bernanke, Economy, Inflation, Wall Street | 9 Comments

The genie, in the form of the Federal Reserve, has granted the markets a lot more than three wishes over the course of these challenging economic times. What are some of the wishes granted so far? Let’s review:
1. cutting the Federal Funds rate to a range of 0-.25%.
2. backstopping a wide array of short term [...]

Kangaroo Court . . . RECOMMENDED READING!! »

By Larry Doyle on Mar 19, 2009 in American Consumers, Bank Bailouts, Banking Institutions, Barack Obama, Ben Bernanke, Economy, Hedge Funds, Insurance Policies & Industry, Nancy Pelosi, Obama Administration, Sense on Cents (Larry Doyle blog), Wall Street | 34 Comments

The kangaroo court on Capitol Hill just passed a bill to tax bonus payments at a 90% rate for employees (with family incomes in excess of $250,000) of AIG and other firms that received $5 billion or more in government bailouts. In my opinion, this piece of legislation is a poorly constructed means of [...]

I’m No Economist »

By Rabble Rouser Reverend Amy on Feb 26, 2009 in Banking Committee Hearings, Banking Institutions, Barack Obama, Ben Bernanke, Bernie Mac Scandal, Bernie Madoff, Christopher Dodd, Congress (House & Senate), Democrats, Earmarks, Economic Stimulus, Economy, Franklin Raines, Hoodwinking, Nancy Pelosi | 48 Comments

But Paul Krugman is. And he had this to say about the team Obama has put together to deal with the economy: All the President’s Zombies. Nice title, eh? Pretty much sums it up, but Mr. Krugman does go on to explain:
Ben Bernanke’s testimony over the past two days gives us our [...]

The Fed Speaks »

By Larry Doyle on Feb 19, 2009 in Ben Bernanke, Current Affairs, Economic Stimulus, Economy, Employment, Unemployment | 10 Comments

Fed chairman Ben Bernanke spoke at the National Press Club this afternoon and offered revisions for the Fed’s economic statistics for 2009. What do the numbers mean? Here’s a recap:
– the Fed expects GDP for 2009 to end up between -.5% to -1.3%, revised from -.2% to +1.1%. The Fed obviously is expecting a [...]

Who Did They Think They Were Kidding? »

By Larry Doyle on Jan 18, 2009 in American Consumers, Auto Industry, Banking Institutions, Ben Bernanke, Current Affairs, Economic Stimulus, Economy, Hank Paulson, Obama Administration, Obama's Cabinet, Real Estate, Retail Businesses, TARP, Tax stimulus package, Unemployment, Workers | 35 Comments

(bumped up by Susan || Larry’s latest radio show will be available via BlogTalkRadio and through subscription to iTunes [see our instructions in the right column, down about a screen], which you can download to your iPod.)
It was only a matter of time before the losses embedded in our banking system caught up and surpassed [...]

“When Big Ben Speaks….” »

By Larry Doyle on Jan 14, 2009 in American Consumers, Banking Institutions, Ben Bernanke, Citigroup, Current Affairs, Economic Stimulus, Economy, TARP, Tax stimulus package | 33 Comments

(bumped up from early today by Susan)
Against the backdrop of the frozen tundra, numerous members of the storied Pittsburgh Steelers franchise have reached legendary status. Included in this family are such greats as Jack Lambert, Mean Joe Greene, Terry Bradshaw, Rocky Bleier, Franco Harris, John Stallworth, Lynn Swann, Chuck Noll, and the longtime owner Art [...]